People who try to sell their own house do not use an agent to advise them on what to do or how to price it to sell. Some people do very well on their own; others… not so much.
Asking Price: $1,500,000
Address: 12 Lorenzo, Irvine, CA 92614
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In The Great Housing Bubble, I outlined both a A Free-Market Solution to Prevent Housing Bubbles and a regulatory solution to do the same. Today, we will explore a potential regulatory solution.
Asking Price: $600,000
Address: 62 Fringe Tree, Irvine, CA 92606
The big news this week was the introduction of regulatory reform of the financial services industry. I hope they get it right. Calculated Risk has a great overview of the reform proposals. It contains links to many documents including the governments white paper on the subject.
We have been updating and expanding our library and knowledge base. It is a work in progress.
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The price on this property is now under $6,000,000. The owner is asking $1,000,000 less than what was paid.
Real estate is notoriously illiquid. When you want to sell it, there is not always a buyer there to unchain it from your ankle.
Today’s featured property is looking at a potential million dollar loss.
Asking Price: $6,495,000
Address: 29 Blue Grass, Irvine, CA 92603
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Sometimes listing pictures are really awful. At least today’s property wasn’t touted as being “light and bright.”
Asking Price: $137,900
Address: 25 Streamwood, Irvine, CA 92620
Rising interest rates will be the end of our Spring rally. Transaction volumes will fall first, and prices will fall later.
Asking Price: $399,000
Address: 157 Lockford, Irvine, CA 92602
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Any increase in pricing brings delusional sellers out of hiding. They put their properties on the market at WTF price levels and hope to hit the lottery.
Asking Price: $1,149,000
Address: 12 Inglenook, Irvine, CA 92602
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